Barrick Gold gets extension to make Acacia a buyout offer
The miner has bought three more weeks to consider its offer, with some analysts and Acacia shareholders saying the offer price is too low
18 June 2019 - 18:57
Toronto — Barrick Gold has bought itself three more weeks to consider making a formal offer to buy out the minority shareholders of its African unit Acacia Mining Plc.
The Toronto-based miner received an extension until July 9 from the UK takeover panel, Acacia said in a statement. The previous deadline was set to expire on Tuesday. Acacia also said it’s open to an offer, “subject to the price offered being fair and commanding the necessary support from shareholders”...
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